28 Apr 2026
Deal: Trilegal advises Muthoot Finance on USD 600 million bond issuance in Gift City
03 Sep 2025
03 Sep 2025
Trilegal advised on the drawdown by Muthoot Finance Limited (“MFL”) by way of an issuance of Rule 144A/Regulation S, USD-denominated senior secured notes due in 2030 with a coupon of 6.375%, aggregating to USD 600 million (“Offering”).
The drawdown was undertaken by MFL under its USD 2 billion global medium term note program. Deutsche Bank AG, Singapore Branch and Standard Chartered Bank were the managers to the Offering.
The notes were listed on NSE IFSC Ltd., in GIFT City, India. MFL is the largest gold loan NBFC in terms of loan portfolios. The issue proceeds will be applied for onward lending and other activities as may be permitted by RBI.
The Trilegal Capital Markets Team advising on the matter was led by Partner: Richa Choudhary; and supported by Counsel: Avanti Kale; and Senior Associate: Shivayana Balodia.
The Trilegal Banking and Finance Team advising on the matter was led by Partner: Joseph Jimmy; and supported by Counsel: Tania Chourasia; and Associate: Shreyaa Mohanty.
The Trilegal Taxation Team advising on the matter was led by Partner: Komal Dani; and supported by Senior Associate: Deepanshu Jhawar; and Associate: Himeesha Dhiliwal.
About Trilegal
Trilegal is a leading full-service law firm in India with over 25 years of experience, trusted for its in-depth expertise and client-centric approach. The firm advises a diverse set of clients, including Fortune 500 companies, global investment funds, major Indian conglomerates, domestic and international banks, technology and media giants, family offices, and high-net-worth individuals. With more than 145 partners operating under a distinctive lockstep model, Trilegal is the largest equity partnership in the country. The firm retains over 1,100 professionals across Mumbai, Delhi, Bengaluru, and Gurugram offices.
Trilegal has consistently been recognised among India’s top-tier firms in leading legal directories such as Chambers & Partners (Asia Pacific and Global), Legal 500 Asia Pacific, and Benchmark Litigation. It has also earned several prestigious accolades, including being named Best Overall Law Firm by India Business Law Journal (IBLJ) 2025, Innovative Lawyers in Disputes & Crisis Management by the Financial Times (FT) Innovative Lawyers Asia-Pacific Awards in 2025, M&A Firm of the Year by IFLR Asia-Pacific in 2024, Law Firm of the Year by Deal Volume at the VCCircle Awards in 2024, India Deal Firm of the Year at the Asian Legal Business (ALB) India Law Awards in 2023, and Best Law Firm to Work by Vahura in 2022.
For more information, please get in touch with Prakruti Jani | Mob: +91-9867868976 | BD@trilegal.com
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